Thoughts and observations on the radio/TV station and wireless tower trading markets. A look at the impact and integration of new media into station operations.
Station values, stations for sale, radio and TV station news, towers, and more from the Managing Director of Media Services Group.

Wednesday, May 15, 2013

JVC Media to purchase Asterisk Communications' Florida Radio Group

JVC Media, the leading
independent, locally owned radio broadcaster on Long Island, has entered into
an agreement to buy Asterisk Communication’s five Florida FM radio stations, WTRS, WMFQ, WXJZ, WBXY and
WYGC. JVC owns 4 FM radio stations on Long Island, WPTY, WBON, WJVC, WRCN
and operates Long Island Events, which manages the 7,000 seat outdoor entertainment
venue known as the Pennysaver Amphitheater.JVC was formed by broadcasting veterans John Caracciolo and Victor
Canales and is backed by Northwood Ventures.

102.3 WTRS is a heritage
Country station serving the Gainesville/Ocala Florida market with a legendary
track record of success and community involvement. Hot AC WMFQ, Q92
serves North Central Florida as one of the top rated music stations in the area
thanks to its great signal and award winning staff. WXJZ is a unique FM station
serving the Gainesville area with a smooth FM music mix format that has
developed a deeply devoted following. WBXY and WYGC, both Gainesville FM
stations make up the rest of this market dominating cluster.JVC Media has been in a
rapid growth mode, recently expanding on Long Island with its entertainment and
broadcast division adding jobs and staff and working hard to make radio local
and community friendly once again.JVC Media CEO, John
Caracciolo said, “We are honored and privileged to welcome these top performing
radio stations into the JVC family. The prior owner of these stations was committed
to community service, high quality broadcasting and creating an excellent work
environment for its staff, and we are proud to be able to continue the
tradition that Asterisk started in this great market”.JVC Media VP, COO Victor
Canales added, “We love this radio market, and we are excited to continue the
trend of fun, local radio in North Central Florida”.“We plan on adding staff in Florida and New
York and to make a big splash with marketing and programming when we begin
operating the stations”, he added.I represented the seller, Asterisk Communications. Congratulations to John and Fred on a great transaction!GeorgeMedia Services Group